The Leichtman Research Group found that the largest pay-TV providers in the U.S., representing about 95% of the market, lost about 305,000 net video subscribers in 1Q 2018, compared to a pro forma loss of about 515,000 subscribers in 1Q 2017.
The top pay-TV providers now account for about 91.9 million subscribers – with the top six cable companies having 47.8 million video subscribers, satellite TV services 31.1 million subscribers, the top telephone companies 9.2 million subscribers, and the top Internet-delivered pay-TV services 3.8 million subscribers.
Key findings for the quarter include:
The number of pay-TV subscribers for the top providers peaked six years ago, says the report. Since 1Q 2012, top providers have lost about 3.4 million total pay-TV subscribers. Since the industry’s peak, traditional services have lost about 7.2 million subscribers, while the top publicly reporting Internet-delivered services gained about 3.8 million subscribers.
The reason is simple. Customers cannot wait to dump their cable because of their HORRIBLE, CRIMINAL CUSTOMER "SERVICE" We all hate our cable companies. They deserve to die.